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Bands and Channels

Bollinger Bands with Narrow ConsolidationBollinger Bands with Narrow Consolidation 🔹 Indicator Description This indicator is an enhanced version of the classic Bollinger Bands with a built-in narrow consolidation detection function. It helps identify low-volatility phases that may precede strong price movements. 🔹 How Does the Indicator Work? Bollinger Bands Calculation: Based on the selected moving average type (SMA, EMA, RMA, WMA, VWMA) with an adjustable standard deviation. Narrow Consolidation Detection: The indicator calculates the relative band width and highlights low-volatility zones. Flexible Settings: Choice of base moving average type. Adjustable sensitivity to narrow consolidations. Option to hide Bollinger Bands outside consolidation zones. 🔹 How to Use? Monitoring Consolidation Zones: If the price is tightening in a narrow range, a strong movement may follow. Combining with Other Tools: The indicator works well with volume analysis and oscillators. Signal Filtering: You can hide Bollinger Bands and only display narrow consolidation zones. 🔹 Trading Strategies ✅ Breakout Strategy – A sharp move beyond the narrow range may signal a trade entry. ✅ Range Trading – Buy near the lower band and sell near the upper band in sideways markets. ✅ Signal Filtering with Oscillators – Use RSI or MACD to confirm directional moves. 🔹 Disclaimer This indicator is for analytical purposes only and does not constitute financial advice. Trading in financial markets involves risks, including potential loss of capital. Always verify signals, use proper risk management, and never invest more than you can afford to lose. 🔹 Conclusion The indicator helps traders identify low-volatility periods and prepare for strong moves. Its flexible settings allow customization for any trading strategy. 📈 Add this indicator to your toolkit and stay ahead of the market! 🚀 Полосы Боллинджера с узкой консолидацией 🔹 Описание индикатора Этот индикатор – улучшенная версия классических полос Боллинджера с функцией определения узкой консолидации. Он помогает выявлять фазы низкой волатильности, которые могут предшествовать сильным движениям цены. 🔹 Как работает индикатор? Полосы Боллинджера: Рассчитываются на основе выбранного типа скользящей средней (SMA, EMA, RMA, WMA, VWMA) с регулируемым стандартным отклонением. Определение узкой консолидации: Индикатор вычисляет относительную ширину полос и выделяет зоны сжатой волатильности. Гибкие настройки: Выбор типа базовой скользящей средней. Регулируемая чувствительность к узкой консолидации. Режим скрытия полос Боллинджера вне зон консолидации. 🔹 Как использовать? Мониторинг зон консолидации: Если цена сжимается в узком диапазоне, стоит подготовиться к сильному движению. Комбинация с другими инструментами: Индикатор отлично сочетается с объемами и осцилляторами. Фильтрация сигналов: Можно скрыть полосы Боллинджера и оставить только зоны узкой консолидации. 🔹 Торговые стратегии ✅ Пробой консолидации – Резкое движение за границы узкой зоны может служить сигналом на вход в рынок. ✅ Торговля от границ – Покупка у нижней границы и продажа у верхней при флэтовом движении. ✅ Фильтрация сигналов с осцилляторами – Использование RSI или MACD для подтверждения направленного движения. 🔹 Предупреждение Этот индикатор предназначен исключительно для аналитики и не является финансовым советом. Торговля на финансовых рынках сопряжена с рисками, включая возможную потерю капитала. Всегда проверяйте сигналы, используйте управление рисками и не инвестируйте больше, чем можете позволить себе потерять. 🔹 Заключение Индикатор помогает трейдерам находить периоды низкой волатильности и готовиться к мощным движениям. Гибкие настройки позволяют адаптировать его под любую стратегию. 📈 Добавьте индикатор в свой арсенал и оставайтесь на шаг впереди рынка! 🚀
Pine Script® indicator
by golovine1987
EMA 34 Crossover with Break Even Stop LossEMA 34 Crossover with Break Even Stop Loss Strategy This trading strategy is based on the 34-period Exponential Moving Average (EMA) and aims to enter long positions when the price crosses above the EMA 34. The strategy is designed to manage risk effectively with a dynamic stop loss and take-profit mechanism. Key Features: EMA 34 Crossover: The strategy generates a long entry signal when the closing price of the current bar crosses above the 34-period EMA, with the condition that the previous closing price was below the EMA. This crossover indicates a potential upward trend. Risk Management: Upon entering a trade, the strategy sets a stop loss at the low of the previous bar. This helps in controlling the downside risk. A take profit level is set at a 10:1 risk-to-reward ratio, meaning the potential profit is ten times the amount risked on the trade. Break-even Stop Loss: As the price moves in favor of the trade and reaches a 3:1 risk-to-reward ratio, the strategy moves the stop loss to the entry price (break-even). This ensures that no loss will be incurred if the market reverses, effectively protecting profits. Exit Conditions: The strategy exits the trade when either the stop loss is hit (if the price drops below the stop loss level) or the take profit target is reached (if the price rises to the take profit level). If the price reaches the break-even level (entry price), the stop loss is adjusted to lock in profits and prevent any loss. Visualization: The stop loss and take profit levels are plotted on the chart for easy visualization, helping traders track the status of their trade. Trade Management Summary: Long Entry: When price crosses above the 34-period EMA. Stop Loss: Set to the low of the previous candle. Take Profit: Set to a 10:1 risk-to-reward ratio. Break-even: Stop loss is moved to entry price when a 3:1 risk-to-reward ratio is reached. Exit: The trade is closed either when the stop loss or take profit levels are hit. This strategy is designed to minimize losses by employing a dynamic stop loss and to maximize gains by setting a favorable risk-to-reward ratio, making it suitable for traders who prefer a structured, automated approach to risk management and trend-following.
Pine Script® strategy
by rajudas36
Rally Starter BandsEnglish Description: Rally Starter Bands – Pine Script Indicator This is a Pine Script indicator designed to identify potential rally opportunities in the market using Bollinger Bands. It plots the traditional Bollinger Bands and highlights specific conditions where the upper and middle bands are rising while the lower band is falling. When these conditions are met, the indicator displays a green up arrow below the price bar, signaling a potential upward momentum. --- Credits: Strategy: Adem Ayan (x.com/ademayan66/status/1901706968508637483) Screening Codes: Dip Avcısı (x.com/dipavcisi007)
Pine Script® indicator
by q_o_p
Estratégia Original com SL/TPA powerful TradingView indicator combining: ✅ Supertrend (trend filter) ✅ RSI 2 (early reversals) ✅ SMA 4/9 crossover (momentum confirmation) ✅ Auto Stop Loss & Take Profit (ATR-based or fixed) 🔥 Key Features: Buy Signals (↑): Supertrend green + RSI 2 > 30 + SMA 4 > SMA 9 Sell Signals (↓): Supertrend red + SMA 4 < SMA 9 (low false signals) Risk Management: Dynamic SL (1.5x ATR) & TP (2x ATR) Clean Visualization: Entry/exit arrows + SL/TP lines 📊 Ideal For: Crypto, Forex, and Stocks (H1/Daily timeframes) 🎯 Why Use It? Aggressive entries with RSI 2 + SMA 4 Conservative exits to lock profits Fully customizable settings
Pine Script® indicator
by rinaldotrade
Range Filter Buy and Sell 5min## **Enhanced Range Filter Strategy: A Comprehensive Overview** ### **1. Introduction** The **Enhanced Range Filter Strategy** is a powerful technical trading system designed to identify high-probability trading opportunities while filtering out market noise. It utilizes **range-based trend filtering**, **momentum confirmation**, and **volatility-based risk management** to generate precise entry and exit signals. This strategy is particularly useful for traders who aim to capitalize on trend-following setups while avoiding choppy, ranging market conditions. --- ### **2. Key Components of the Strategy** #### **A. Range Filter (Trend Determination)** - The **Range Filter** smooths price fluctuations and helps identify clear trends. - It calculates an **adjusted price range** based on a **sampling period** and a **multiplier**, ensuring a dynamic trend-following approach. - **Uptrends:** When the current price is above the range filter and the trend is strengthening. - **Downtrends:** When the price falls below the range filter and momentum confirms the move. #### **B. RSI (Relative Strength Index) as Momentum Confirmation** - RSI is used to **filter out weak trades** and prevent entries during overbought/oversold conditions. - **Buy Signals:** RSI is above a certain threshold (e.g., 50) in an uptrend. - **Sell Signals:** RSI is below a certain threshold (e.g., 50) in a downtrend. #### **C. ADX (Average Directional Index) for Trend Strength Confirmation** - ADX ensures that trades are only taken when the trend has **sufficient strength**. - Avoids trading in low-volatility, ranging markets. - **Threshold (e.g., 25):** Only trade when ADX is above this value, indicating a strong trend. #### **D. ATR (Average True Range) for Risk Management** - **Stop Loss (SL):** Placed **one ATR below** (for long trades) or **one ATR above** (for short trades). - **Take Profit (TP):** Set at a **3:1 reward-to-risk ratio**, using ATR to determine realistic price targets. - Ensures volatility-adjusted risk management. --- ### **3. Entry and Exit Conditions** #### **📈 Buy (Long) Entry Conditions:** 1. **Price is above the Range Filter** → Indicates an uptrend. 2. **Upward trend strength is positive** (confirmed via trend counter). 3. **RSI is above the buy threshold** (e.g., 50, to confirm momentum). 4. **ADX confirms trend strength** (e.g., above 25). 5. **Volatility is supportive** (using ATR analysis). #### **📉 Sell (Short) Entry Conditions:** 1. **Price is below the Range Filter** → Indicates a downtrend. 2. **Downward trend strength is positive** (confirmed via trend counter). 3. **RSI is below the sell threshold** (e.g., 50, to confirm momentum). 4. **ADX confirms trend strength** (e.g., above 25). 5. **Volatility is supportive** (using ATR analysis). #### **🚪 Exit Conditions:** - **Stop Loss (SL):** - **Long Trades:** 1 ATR below entry price. - **Short Trades:** 1 ATR above entry price. - **Take Profit (TP):** - Set at **3x the risk distance** to achieve a favorable risk-reward ratio. - **Ranging Market Exit:** - If ADX falls below the threshold, indicating a weakening trend. --- ### **4. Visualization & Alerts** - **Colored range filter line** changes based on trend direction. - **Buy and Sell signals** appear as labels on the chart. - **Stop Loss and Take Profit levels** are plotted as dashed lines. - **Gray background highlights ranging markets** where trading is avoided. - **Alerts trigger on Buy, Sell, and Ranging Market conditions** for automation. --- ### **5. Advantages of the Enhanced Range Filter Strategy** ✅ **Trend-Following with Noise Reduction** → Helps avoid false signals by filtering out weak trends. ✅ **Momentum Confirmation with RSI & ADX** → Ensures that only strong, valid trades are executed. ✅ **Volatility-Based Risk Management** → ATR ensures adaptive stop loss and take profit placements. ✅ **Works on Multiple Timeframes** → Effective for day trading, swing trading, and scalping. ✅ **Visually Intuitive** → Clearly displays trade signals, SL/TP levels, and trend conditions. --- ### **6. Who Should Use This Strategy?** ✔ **Trend Traders** who want to enter trades with momentum confirmation. ✔ **Swing Traders** looking for medium-term opportunities with a solid risk-reward ratio. ✔ **Scalpers** who need precise entries and exits to minimize false signals. ✔ **Algorithmic Traders** using alerts for automated execution. --- ### **7. Conclusion** The **Enhanced Range Filter Strategy** is a powerful trading tool that combines **trend-following techniques, momentum indicators, and risk management** into a structured, rule-based system. By leveraging **Range Filters, RSI, ADX, and ATR**, traders can improve trade accuracy, manage risk effectively, and filter out unfavorable market conditions. This strategy is **ideal for traders looking for a systematic, disciplined approach** to capturing trends while **avoiding market noise and false breakouts**. 🚀
Pine Script® indicator
by Forexbros22
VWAP StrategyVWAP and volatility filters for structured intraday trades. How the Strategy Works 1. VWAP Anchored to Session VWAP is calculated from the start of each trading day. Standard deviations are used to create bands above/below the VWAP. 2. Entry Triggers: Al Brooks H1/H2 and L1/L2 H1/H2 (Long Entry): Opens below 2nd lower deviation, closes above it. L1/L2 (Short Entry): Opens above 2nd upper deviation, closes below it. 3. Volatility Filter (ATR) Skips trades when deviation bands are too tight (< 3 ATRs). 4. Stop Loss Based on the signal bar’s high/low ± stop buffer. Longs: signalBarLow - stopBuffer Shorts: signalBarHigh + stopBuffer 5. Take Profit / Exit Target Exit logic is customizable per side: VWAP, Deviation Band, or None 6. Safety Exit Exits early if X consecutive bars go against the trade. Longs: X red bars Shorts: X green bars Explanation of Strategy Inputs - Stop Buffer: Distance from signal bar for stop-loss. - Long/Short Exit Rule: VWAP, Deviation Band, or None - Long/Short Target Deviation: Standard deviation for target exit. - Enable Safety Exit: Toggle emergency exit. - Opposing Bars: Number of opposing candles before safety exit. - Allow Long/Short Trades: Enable or disable entry side. - Show VWAP/Entry Bands: Toggle visual aids. - Highlight Low Vol Zones: Orange shading for low volatility skips. Tuning Tips - Stop buffer: Use 1–5 points. - Target deviation: Start with VWAP. In strong trends use 2nd deviation and turn off the counter-trend entry. - Safety exit: 3 bars recommended. - Disable short/long side to focus on one type of reversal. Backtest Setup Suggestions - initial_capital = 2000 - default_qty_value = 1 (fixed contracts or percent-of-equity)
Pine Script® strategy
by Agedvagabond
VWAP with Bank/Psychological Levels by TBTPH V.2This Pine Script defines a custom VWAP (Volume Weighted Average Price) indicator with several additional features, such as dynamic bands, bank levels, session tracking, and price-crossing detection. Here's a breakdown of the main elements and logic: Key Components: VWAP Settings: The VWAP calculation is based on a source (e.g., hlc3), with an option to hide the VWAP on daily (1D) or higher timeframes. You can choose the VWAP "anchor period" (Session, Week, Month, etc.) for adjusting the VWAP calculation to different time scales. VWAP Bands: The script allows you to plot bands above and below the VWAP line. You can choose the calculation mode for the bands (Standard Deviation or Percentage), and the bands' width can be adjusted with a multiplier. These bands are drawn using a gray color and can be filled to create a shaded area. Bank Level Calculation: The concept of bank levels is added as horizontal levels spaced by a user-defined multiplier. These levels are drawn as dotted lines, and price labels are added to indicate each level. You can define how many bank levels are drawn above and below the base level. Session Indicators (LSE/NYSE): The script identifies the open and close times of the London Stock Exchange (LSE) and the New York Stock Exchange (NYSE) sessions. It limits the signals to only appear during these sessions. VWAP Crossing Logic: If the price crosses the VWAP, the script colors the candle body white to highlight this event. Additional Plot Elements: A background color is applied based on whether the price is above or below the 50-period Simple Moving Average (SMA). The VWAP line dynamically changes color based on whether the price is above or below it (green if above, red if below). Explanation of Key Sections: 1. VWAP and Band Calculation: pinescript Copy = ta.vwap(src, isNewPeriod, 1) vwapValue := _vwap stdevAbs = _stdevUpper - _vwap bandBasis = calcModeInput == "Standard Deviation" ? stdevAbs : _vwap * 0.01 upperBandValue1 := _vwap + bandBasis * bandMult_1 lowerBandValue1 := _vwap - bandBasis * bandMult_1 This code calculates the VWAP value (vwapValue) and standard deviation-based bands (upperBandValue1 and lowerBandValue1). 2. Bank Levels: pinescript Copy baseLevel = math.floor(currentPrice / bankLevelMultiplier) * bankLevelMultiplier The base level for the bank levels is calculated by rounding the current price to the nearest multiple of the bank level multiplier. Then, a loop creates multiple bank levels: pinescript Copy for i = -bankLevelRange to bankLevelRange level = baseLevel + i * bankLevelMultiplier line.new(x1=bar_index - 50, y1=level, x2=bar_index + 50, y2=level, color=highlightColor, width=2, style=line.style_dotted) label.new(bar_index, level, text=str.tostring(level), style=label.style_label_left, color=labelBackgroundColor, textcolor=labelTextColor, size=size.small) 3. Session Logic (LSE/NYSE): pinescript Copy lse_open = timestamp("GMT", year, month, dayofmonth, 8, 0) lse_close = timestamp("GMT", year, month, dayofmonth, 16, 30) nyse_open = timestamp("GMT-5", year, month, dayofmonth, 9, 30) nyse_close = timestamp("GMT-5", year, month, dayofmonth, 16, 0) The script tracks session times and filters the signals based on whether the current time falls within the LSE or NYSE session. 4. VWAP Crossing Detection: pinescript Copy candleCrossedVWAP = (close > vwapValue and close <= vwapValue) or (close < vwapValue and close >= vwapValue) barcolor(candleCrossedVWAP ? color.white : na) If the price crosses the VWAP, the candle's body is colored white to highlight the cross.
Pine Script® indicator
by Blessed_Trader22
Sigma Expected Movement)Okay, here's a brief description of what the final Pine Script code achieves: Indicator Description: This indicator calculates and plots expected price movement ranges based on the VIX index for daily, weekly, or monthly periods. It uses user-selectable VIX data (Today's Open / Previous Close) and a center price source (Today's Open / Previous Close). Key features include: Up to three customizable deviation levels, based on user-defined percentages of the calculated expected move. Configurable visibility, color, opacity (default 50%), line style, and width (default 1) for each deviation level. Optional filled area boxes between the 1st and 2nd deviation levels (enabled by default), with customizable fill color/opacity. An optional center price line with configurable visibility (disabled by default), color, opacity, style, and width. All drawings appear only within a user-defined time window (e.g., specific market hours). Does not display price labels on the lines. Optional rounding of calculated price levels.
Pine Script® indicator
by aliHamodi
Kase Permission StochasticOverview The Kase Permission Stochastic indicator is an advanced momentum oscillator developed from Kase's trading methodology. It offers enhanced signal smoothing and filtering compared to traditional stochastic oscillators, providing clearer entry and exit signals with fewer false triggers. How It Works This indicator calculates a specialized stochastic using a multi-stage smoothing process: Initial stochastic calculation based on high, low, and close prices Application of weighted moving averages (WMA) for short-term smoothing Progressive smoothing through differential factors Final smoothing to reduce noise and highlight significant trend changes The indicator oscillates between 0 and 100, with two main components: Main Line (Green): The smoothed stochastic value Signal Line (Yellow): A further smoothed version of the main line Signal Generation Trading signals are generated when the main line crosses the signal line: Buy Signal (Green Triangle): When the main line crosses above the signal line Sell Signal (Red Triangle): When the main line crosses below the signal line Key Features Multiple Smoothing Algorithms: Uses a combination of weighted and exponential moving averages for superior noise reduction Clear Visualization: Color-coded lines and background filling Reference Levels: Horizontal lines at 25, 50, and 75 for context Customizable Colors: All visual elements can be color-customized Customization Options PST Length: Base period for the stochastic calculation (default: 9) PST X: Multiplier for the lookback period (default: 5) PST Smooth: Smoothing factor for progressive calculations (default: 3) Smooth Period: Final smoothing period (default: 10) Trading Applications Trend Confirmation: Use crossovers to confirm entries in the direction of the prevailing trend Reversal Detection: Identify potential market reversals when crossovers occur at extreme levels Range-Bound Markets: Look for oscillations between overbought and oversold levels Filter for Other Indicators: Use as a confirmation tool alongside other technical indicators Best Practices Most effective in trending markets or during well-defined ranges Combine with price action analysis for better context Consider the overall market environment before taking signals Use longer settings for fewer but higher-quality signals The Kase Permission Stochastic delivers a sophisticated approach to momentum analysis, offering a refined perspective on market conditions while filtering out much of the noise that affects standard oscillators.
Pine Script® indicator
by AlgoCollective